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Financial Instruments Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2024

Fair Value Disclosures [Abstract]

Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis

The fair value hierarchy table for the reporting date noted is as follows:

Schedule of Financial Liabilities Measured at Fair Value on Recurring Basis

		Fair Value Measurement on a Recurring Basis at Reporting Date Using1
		Level-1 Inputs				Level-2 Inputs				Level-3 Inputs				Total
December 31, 2024
2024 Convertible Notes		$	—			$	—			$	18,600			$	18,600
Totals		$	—			$	—			$	18,600			$	18,600

		Level-1 Inputs				Level-2 Inputs				Level-3 Inputs				Total
December 31, 2023
March 2023 Senior Convertible Note		$	—			$	—			$	13,950			$	13,950
Totals		$	—			$	—			$	13,950			$	13,950

¹ There were no transfers between the respective Levels during the year ended December 31, 2024.

Schedule of Fair Value Assumption Used

The estimated fair value of the 2024 Convertible Notes as of each November 22, 2024 and December 31, 2024, and the March 2023 Senior Convertible Note as of December 31, 2023 was computed using a Monte Carlo simulation of the present value of its cash flows using a synthetic credit rating analysis and a required rate-of-return, using the following assumptions:

 Schedule of Fair Value Assumption Used

		March 2023 Senior Convertible Note: December 31, 2023				2024 Convertible Notes: November 22, 2024				2024 Convertible Notes: December 31, 2024
Fair Value		$	13,950			$	21,975			$	18,600
Face value principal payable		$	11,019			$	21,975			$	21,975
Required rate of return			10.00	%			28.50	%			29.00	%
Conversion Price		$	5.00			$	1.00			$	1.00
Value of common stock		$	1.10			$	1.00			$	0.819
Expected term (years)			1.22				5.00				4.90
Volatility			60.00	%			40.00	%			40.00	%
Risk free rate			4.56	%			4.21	%			4.28	%
Dividend yield			—	%			—	%			—	%

X

- Definition

Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique used to measure similar asset in prior period by class of asset or liability on non-recurring basis.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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- References

No definition available.

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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